Hiap Hoe Ltd posted a net profit of S$30.6 million for the year ended 31 December 2025, more than quadrupling the S$6.6 million recorded a year earlier. Management attributed the sharp improvement to higher fair-value gains on its investment portfolio, firmer hotel occupancies and lower finance expenses.

Earnings per share rose to 6.45 Singapore cents from 1.40 cents a year ago. The board has proposed a final tax-exempt cash dividend of 1.00 Singapore cent a share, double the 0.50-cent payout declared for FY2024. Payment and book-closure dates will be announced later.

Group revenue increased 7.7 per cent year-on-year (YoY) to S$135.0 million. Hotel income led the topline with S$94.8 million, up 12.9 per cent YoY on higher room occupancy across the Singapore, Perth and UK properties. Rental revenue edged up 0.3 per cent to S$29.4 million, while leisure revenue from the SuperBowl chain slipped 2.3 per cent to S$10.8 million following the closure of one centre.

By pre-tax contribution, other investments delivered S$35.8 million, an increase from S$28.2 million a year earlier, buoyed by a S$30.2 million mark-to-market gain on quoted and unquoted securities. Rental and leisure segments generated S$6.8 million (FY2024: loss of S$4.1 million) and S$2.2 million (FY2024: S$2.5 million) respectively, while hotel operations earned S$14.8 million (FY2024: S$18.2 million). The “Others” corporate segment booked a wider pre-tax loss of S$15.1 million, partly reflecting group-level costs.

Finance costs fell 31.3 per cent to S$26.5 million after the group pared debt and benefited from lower borrowing costs. A net foreign-exchange loss of S$2.5 million was significantly lower than the S$6.6 million loss in FY2024, mainly due to reduced volatility in the Australian dollar and euro.

Looking ahead, the company said it will prioritise boosting rental yields and occupancy across its property portfolio and maintaining prudent capital expenditure. While management expects hospitality demand to stay resilient, it cautions that rising operating costs and geopolitical uncertainties could weigh on margins and investment valuations. Hiap Hoe added that it retains adequate banking facilities and liquidity to meet debt obligations and will remain selective in pursuing new investments.